The US has spent approximately $4.5 trln in stimulus while more than doubling the Fed’s balance sheet in the last three years. But the economy continues to struggle, just as the Japanese economy continues to struggle ten years after the government there deployed similar tactics (and still deploys them to this day…)

So why in the world would the president demand a joint session of Congress to unveil a tiny $300 bln package of proposals to try and move the needle on a $14 trln economy?

Are you kidding me?

Einstein’s definition of insanity is repeating the same activity again and again and expecting a different result. Clearly, the government and the Fed are insane…

Sometimes doing nothing is the best policy. This might be one of those times…The die is cast; the consumer is tapped, tinkering at the margin may move polls for a short while but it won’t move the economy.